May 26, 2009

Intraday View For 26/05/09

Nifty: Resistance 4242/4267/4288/4299/4333
Support 4222/4208/4190/4171/4141

Nifty again remained rangebound whole day of trading.
Yesterday we cleary said that, we may witness a rangebound market this week ahead of May months expiry & we just saw that. Yesterday's support level of 4208 was perfect as said. Today again view remains almost same as yesterday. Resistance on upmove 4267 & Support @ 4208. Sustaining above or below of this level may trigger next move for the coming days.

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